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16 FEBRUARY 2019 AL CIRCLE

Rusal forms new Board of Directors in accordance with OFAC directives

EDITED BY : BEETHIKA BISWAS 1MINS READ

After the lifting of sanctions on Rusal, the leading global aluminium producer has announced change in Board of Directors. Sergei Popov has resigned as an executive director with effect from 14 February 2019 due to the election to the legislature of one of Russian regions.

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The Company has announced through a press release that Evgeny Kuryanov has been appointed as an Executive Director of the Company and Maxim Poletaev, Randolph N. Reynolds, Kevin Parker, Christopher Burnham and Nick Jordan have been appointed as independent non-Executive Directors of the Company with effect from 14 February 2019.

Randolph N. Reynolds has also been appointed as a member of the Corporate Governance & Nomination Committee, while Nick Jordan has also been appointed as a member of the Remuneration Committee of the Company.

The new Board of Directors are designed in the line of what OFAC has mandated for the company in order to delist from the sanction list.  The new Board of Directors will function in a way demonstrate the Board’s absolute commitment to transparency, accountability and good corporate governance.  

The Board of Directors have representations from both the U.S. and Europe and Russia as directed by OFAC.


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EDITED BY : BEETHIKA BISWAS 1MINS READ

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